James Reed, Political Reporter

ED Miliband was in Woodlesford this morning as Labour promised a fund to help build thousands of new homes.

He spoke to supporters gathered at The Midland Hotel with Veronica King, Labour’s candidate for the Elmet and Rothwell seat, before heading to Warrington where he will set out plans for a £5 billion fund to build 125,000 homes over the next five years.

Ed Miliband enjoys coffee in Woodlesford today

Banks and building societies offering the First Time Buyer ISA announced by Chancellor George Osborne in the Budget will have to use the money deposited with them to invest in new house-building.

Mr Miliband said: “The dream of home ownership is fading for so many people, so many young families.

“What we are saying today is let’s make sure the banks play their part, make their contribution to using some of the money they have to invest in housing and build homes again in our country.”

The Conservatives currently hold the Elmet and Rothwell seat with a majority of 4,521.